Academic Catalog

INE361 STOCHASTIC MODELS IN OPERATIONS RESEARCH

Course Code: 3880361
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator:
Offered Semester: Fall and Spring Semesters.

Course Content

Introduction to stochastic processes. Discrete-time Markov chains. Mean first passage times. Steady-state analysis. Basics of queueing theory. Types of queues. Deterministic and stochastic dynamic programming.